29, October 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The last trading day of the previous week the major currencies were being traded in a range trading. Euro "bulls" managed to raise the quotation marks to 1.3831, which is a new high in 2013. Positive investor sentiment in the United States and Germany, have helped stock indices S & P500 and DAX30 on Friday 25 October to establish the absolute fresh highs. Today we can expect bears' activity for the euro, pound and yen.

Last week, the U.S. currency finished with another falling against all of its major opponents. Sales of "green", which was interrupted after the market has " let off steam on the announcement of reaching a consensus on the U.S. public finances, was renewed by the release of a long-awaited labor report for September, disappointed the market growth in the number of jobs is weaker than expected.

There was less jobs created and although the August result was revised in the direction of growth and the unemployment rate in September fell by 0.1 %, the dollar was in the wave of selling, as this release further convinced the market in the low probability of collapse mitigation programs in the near future. However, the end of the five-day week turned out to be another time out.